Outcome of Board Meeting for the quarter and year ended March 31, 2026
LUXIND · price
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Lux Industries reported standalone revenue of Rs 2,923.55 crore for FY2026, up 14% from Rs 2,565.69 crore in FY2025. However, profitability declined significantly - Net Profit fell 39% to Rs 101.45 crore from Rs 166.09 crore. PBT dropped to Rs 132.89 crore vs Rs 222.23 crore last year. EBITDA margin compressed from 8.66% to 4.76%. Finance costs nearly doubled to Rs 35.68 crore from Rs 18.72 crore. Exceptional items of Rs 6.11 crore included Rs 2.76 crore for new labour codes compliance and Rs 3.35 crore from West Bengal tax settlement. The Board declared 100% dividend (Rs 2/share) with promoters waiving their entitlement. A demerger scheme is in preliminary stages to split Verticals A and C into separate wholly-owned subsidiaries.
Revenue growth of 14% is positive but the 39% PAT decline and margin compression signal significant profitability challenges. Higher finance costs and working capital pressure (operating cash flow negative at Rs 152.86 crore) are concerns. The dividend with promoter waiver provides some shareholder return. The demerger proposal adds uncertainty about future structure.